Workers across the U.K. are being held back by their credit score. Salad Money is here to change that.
We provide small, affordable loans to meet people’s urgent needs now, and help develop their financial well-being so they can make good decisions with money in the future.
We are a for-profit social enterprise: the first truly responsible lender of our kind. We believe lending should be fair and everyone should be treated equally.
We wish we didn’t need to exist, but we do. Many people struggle when faced with unexpected costs. Rather than take advantage of money misery, we want to end it.
Salad Money is different because:
– We exist to solve the high-cost loan problem
– Our service funds free financial well-being support in the form of benefits checking.
– We behave responsibly and we invite scrutiny
– We are overseen by an independent body
– We use open banking for loan approval, not credit scores
How does Salad Money work?
We offer loans of between £500 and £1200, paid back over 12 or 18 months to workers across the UK.
The application process is quick and easy, and repayments are made via payroll or Direct Debit.
By using Salad Money people can avoid payday lenders and unplanned overdraft fees.
Knowledge is the key to power
Meeting immediate money needs is important, but it’s not enough. We want people to be able to improve their financial knowledge and live without money-related stress.
That’s why we use our profit to pay for personalised financial well-being for all.
Payit™ by NatWest Provides Salad Money with a Simple and Safe Way for Their Customers to Make Loan Repayments
James Hodgson CEO of Payit™ by NatWest, comments: “We are delighted to be helping Salad Money better serve their customer needs by leveraging the benefits of open banking through Payit.
“By being both provider for traditional banking services and payment initiation through the open banking platform, NatWest is able to offer a holistic solution with clear and transparent pricing as well as quick answers to any questions from the customer regarding a transaction.
“Payit™’s safe and secure platform provides a flexible and seamless way for people to make payments directly from their bank accounts and it’s possible with minimal IT integration or disruption.”
https://lnkd.in/erzbtQeaEmmett SmithStephanie MelroseTim RooneyWilliam Greenwood-SpicerDaniel EvansMarion RannardLouis HobbsBriony Blyth#fintech#finance#banking#paytech#payments#fintechnews#paymentsnews
We’re proud to share that Salad Money has been ranked 31st in the Elite Business Top 100 SME list!
This recognition is a testament to our mission-driven approach—providing fair and affordable credit to those overlooked by mainstream lenders. It reflects the hard work, dedication, and passion in making financial inclusion a reality.
Here’s to continuing our journey of responsible lending and financial empowerment. 🥗
#SaladMoney#EB100#EliteBusiness100#SMEs#FinancialInclusion#ProudMoment#ResponsibleLending
Link: https://lnkd.in/etb_a8Dw
It's the final day to invest in the Salad Money IF ISA Bond Offer. We're blown away by our investors' continued support of the vital service they provide for thousands of people locked out of traditional finance due to their credit scores.
Check out their profile and see how you can invest in a more equitable financial future for all: https://lnkd.in/erxz4a7c
Don’t invest unless you’re prepared to lose all the money you invest.
With less than a week until the Salad Money bond offer closes on Ethex, we're sharing a few clips from our chat with CEO, Tim Rooney, where he explains the incredible impact their services have on people who are excluded from mainstream finance due to poor credit scores and how investments in their bond offer will help them reach more customers, enabling them to avoid predatory high interest lenders:
https://lnkd.in/eGSuNWdm
If you're looking for a way to invest your 24/25 ISA allowance that will create a positive social impact, take a look at the Salad Money IF ISA bond offer.
Investments will help provide more people excluded by mainstream finance with appropriate, fair and affordable credit through their award-winning ethical alternative to high-cost credit loans. The bond offer closes on 7th February. Find out more on Ethex. https://lnkd.in/erxz4a7c#EthicalFinance#ISA#ImpactInvesting
We’re excited to share that we’ve officially hit 10,000 reviews on Trustpilot, with an impressive 4.9 out of 5 stars rating. This is a milestone we’re incredibly proud of, and it reflects the trust and support we’ve received from our amazing customers.
A heartfelt thank you to everyone who has taken the time to leave feedback. Your input is invaluable and helps us continue to improve and provide the best possible experience.
We don’t take this success for granted and are committed to keeping up the hard work as we move forward.
Sarah Hope Joins Salad as Non-Executive Director.
Salad welcomes Sarah Hope, an asset finance specialist and former Director in the Global Credit Trading group at Deutsche Bank, who has joined as a Non-Executive Director.
Sarah is a keen cyclist who has previously completed the entire Tour de France route to raise money for Cure Leukaemia.
A Columbia University (New York) graduate, she has worked in asset finance and securitisation on both sides of the Atlantic before founding bespoke debt advisory and strategic fundraising firm, East Side Advisory. She is also a Non-Executive Director of Josei.co.uk a community interest company that runs a financial literacy and empowerment hub for women, and a member of the Board of Trustees of Cure Leukaemia which works to bring pioneering drug and transplant treatments to blood cancer patients.
Sarah Hope said:
“In the lending industry you see a lot of not so nice players and Salad has really changed that. I've watched Salad closely over the past few years and have seen the firm move from serving NHS and public sector workers to a wider customer base of otherwise underserved consumers. 2025 is set to be very exciting as Salad develops its platform to help more people to access fair credit and to build their financial resilience. I love to work with businesses creating positive disruptions in stagnant markets and Salad is the epitome of this.
"I’m looking forward to working with the business’ fantastic board and leadership team to help it to optimise how it structures its own financing and strategic borrowing and hope this will ultimately enable Salad to lend to its own customers at lower rates too."
Alex Marsh, Chair of Salad Money, said:
“We are delighted to welcome Sarah to Salad’s board. Her unparalleled expertise in structured finance and lending, combined with her passion for driving positive change in underserved communities, will be invaluable as we scale our business and expand our product offerings. Her strategic insights will enhance our ability to innovate and deliver even greater value to UK consumers, ensuring we remain leaders in ethical lending and advancing financial inclusion.”
We’re committed to delivering impactful news, new initiatives, and important milestones that drive our mission of financial inclusion. Don’t miss out on the latest developments – make sure you’re always up to date with our latest news.
👉 https://lnkd.in/eabPVR-J#FinancialInclusion#Innovation#NewsUpdate#SaladMoney
Alex Marsh appointed Chair of Salad Money
Salad is delighted to announce the appointment of Alex Marsh as Chair of the Board, succeeding Sir Tim Melville-Ross. This is an important milestone as we continue to develop our lending platform, having become the UK’s largest community development finance institution and the first to be registered as an Account Information Service Provider with the FCA.
Alex brings over 20 years of leadership experience in financial and professional services, with a proven record of harnessing technology to drive growth in the fintech and consumer lending sectors. As the former UK CEO of Klarna and a Chartered Accountant, Alex joined Salad as a Non-Executive Director in 2023 and has served as Chair of our Risk and Audit Committee.
Alex assumes the Chair role at a time of rapid growth for Salad Money. Over the past five years we have lent more than £130 million to over 90,000 customers, earning over 9,600 five-star Trustpilot reviews. As pioneers in using Open Banking data to power lending decisions, we have set a new standard for fairness and transparency in credit, while also equipping consumers with tools to strengthen their financial resilience.
Alex said:
“Sir Tim has steered Salad Money through an extraordinary period of growth, helping the business earn the trust of customers, investors, and regulators alike. I’m immensely grateful for his guidance and support.
"Salad is leading the way in tackling financial inclusion through the responsible use of Open Banking data. With an expert team and an innovative technology platform, we have a unique opportunity to level the playing field for UK consumers. I’m excited to support the next chapter of growth, including an ambitious pipeline of new products, tools, and partnerships that will help even more people to build stronger financial futures.”
Sir Tim Melville-Ross said:
"I was asked to chair Salad because of my experience as CEO at the Nationwide Building Society. I was particularly impressed by the idea of an organisation that had a strong social purpose in providing affordable loans to people on modest incomes, and the means to do so through Open Banking by lending at rates far below those charged by others. There has been great progress, but we could do even more to address the pernicious effects on society of bad, ugly or no credit for excluded households – and I am thrilled Alex is taking up the role.”
Tim Rooney said:
“Sir Tim has been instrumental in building Salad to the company it is today on a foundation of fairness, innovation, trust and great talent and I want to thank him for his wisdom and insight. Alex is part of the new wave of talent we must attract whose skills will be so vital as we seek to reach our next stage."
